When Estimating GDP Using the Income Approach, Aggregate Income Is

question 68

Multiple Choice

When estimating GDP using the income approach, aggregate income is adjusted by

• A)subtracting depreciation.
• B)subtracting net income earned abroad.
• C)adding net income earned abroad.
• D)subtracting indirect business taxes.

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Definitions:

Connectives

Words or phrases in grammar or logic that connect statements, clauses, sentences, or words, forming a compound statement.

Clause

A group of words in a sentence that contains a subject and a predicate, either of which can be independent or dependent.

Predicates

The part of a sentence or clause expressing what is said about the subject; in logic, it refers to the attribute that is affirmed or denied of the subject.

Nonrestrictive Clause

A clause that provides additional information about a noun without limiting or defining it, often set off from the rest of the sentence by commas.